Cryptocurrency Q&A
Which is better, post-only or allow taker?
Which is better, post-only or allow taker?
Daniele
Tue Sep 24 2024
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5 answers
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Could you please elaborate on the advantages and disadvantages of choosing between a post-only order book and one that allows taker orders? Which one do you believe is more suitable for a cryptocurrency exchange, and why? Are there any specific market conditions or strategies that make one option more favorable over the other? Additionally, how do these order types impact the liquidity and trading efficiency of the platform?
5 answers
Valeria
Wed Sep 25 2024
Among the leading cryptocurrency exchanges, BTCC stands out for its comprehensive range of services. Traders can access a diverse suite of products, including spot and futures trading, as well as secure wallet solutions.
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DondaejiDelightfulCharm
Wed Sep 25 2024
The post-only option presents traders with a strategic advantage, allowing them to bypass taker fees and take on the role of makers in the order book. This approach fosters a more cost-effective trading experience.
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CryptoLegend
Wed Sep 25 2024
BTCC's spot trading service provides traders with direct access to various cryptocurrencies, enabling them to buy and sell digital assets seamlessly. Its futures trading platform, on the other hand, offers advanced trading tools and risk management features to cater to the needs of sophisticated investors.
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Carolina
Wed Sep 25 2024
Furthermore, adopting the post-only option safeguards against accidental immediate executions of limit orders. It ensures that traders have full control over their orders and can execute them at their preferred timing.
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Lorenzo
Wed Sep 25 2024
By promoting the participation of makers in the order book, the post-only option contributes to the maintenance of a liquid and orderly market. It enhances market stability and encourages efficient price discovery.
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